Investorideas.com energy stocks newswire

Wednesday, October 31, 2012

Energy Stock Trading Alert; Liard Basin Junior EFL OVERSEAS (OTCBB: EFLO) Trades up Following News of Acquisition

New York, NY, Point Roberts, WA - October 31, 2012 (Investorideas.com energy newswire) Investorideas.com, a leader in sector research for independent investors issues an energy stock trading alert for EFL Overseas Inc. (OTCBB: EFLO) following last week's news of its acquisition of additional rights and interests in the Liard basin gas field and facilities located in the Kotaneelee Area, Yukon Territory.
The stock was also featured in a recent Seeking Alpha article: An 'Off The Radar' Way To Play The Coming West Coast LNG Boom.
Investorideas.com Newswire EFLO acquired a 30.664% interest in the Assets from Nahanni Energy Inc. and certain of its wholly owned subsidiaries ("Nahanni"). The Nahanni purchase follows EFLO's earlier acquisition of Devon Canada's interest (generally a working interest of 22.989%, with a working interest of 69.337% in one gas well) in the Assets. Upon closing the Nahanni purchase, EFLO became the largest interest holder in the Kotaneelee with a general interest of 53.67% and a working interest of 100% in one gas well.
The Assets include 30,188 acres of land, a gas dehydration plant (capacity: 70 million cubic feet per day ("MMCFD")), one water disposal well (capacity: 6,000 barrels per day), one well temporarily shut-in for plant maintenance and two suspended gas wells, flarestack, storage tanks, airstrip, roads, gathering systems, geological data, equipment, and other transportation and camp infrastructure.
Full news: http://www.investorideas.com/news/ 2012/main/ 10241.asp

EFLO Energy (OTCBB:EFLO) is engaged in natural gas exploration and production in the Kotaneelee Gas Project, located in the Liard Basin of south-eastern Yukon.
The Kotaneelee gas field, with its important conventional and unconventional resource development opportunities, combined with a 70 MMCFD underutilized gas plant and infrastructure, provide EFLO's operations significant scale and upside.
SEC filings: http://finance.yahoo.com/q/sec?s=EFLO+SEC+Filings
Contact:EFLO
Keith Macdonald
  • EFLO Overseas Inc.
1 (403) 246-8443
Published at Investorideas.com energy newswire
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Wednesday, October 24, 2012

Energy Stock Investor News; EFL OVERSEAS (OTCBB: EFLO) COMPLETES ACQUSITION OF NAHANNI'SWORKING INTEREST IN THE KOTANEELEE

HOUSTON, TEXAS - October 24, 2012 (www.investorideas.com energy stocks newswire) EFL Overseas Inc. (OTCBB: EFLO) ("EFLO") is pleased to announce its acquisition of additional rights and interests in the Liard basin gas field and facilities located in the Kotaneelee Area, Yukon Territory, Canada (the “Assets”). Effective October 17, 2012, EFLO acquired a 30.664% interest in the Assets from Nahanni Energy Inc. and certain of its wholly owned subsidiaries (“Nahanni”). The Nahanni purchase follows EFLO’s earlier acquisition of Devon Canada’s interest (generally a working interest of 22.989%, with a working interest of 69.337% in one gas well) in the Assets. Upon closing the Nahanni purchase, EFLO became the largest interest holder in the Kotaneelee with a general interest of 53.67% and a working interest of 100% in one gas well.

"Our acquisition of the additional interest at Kotaneelee provides us with a controlling position in this exciting project", stated EFLO Chairman Henry Aldorf. "Increasing our working interest to 54% allows us to drive forward development plans and offers our shareholder's a greater potential upside."
"With the closing of the Nahanni acquisition, we are focused on actively pursuing additional interests at Kotaneelee and the surrounding area," added EFLO Chief Executive Keith Macdonald. "The larger asset base will be helpful as we evaluate our future market opportunities in the Pacific Rim, North America and the Yukon."
The Assets include 30,188 acres of land, a gas dehydration plant (capacity: 70 million cubic feet per day ("MMCFD")), one water disposal well (capacity: 6,000 barrels per day), one well temporarily shut-in for plant maintenance and two suspended gas wells, flarestack, storage tanks, airstrip, roads, gathering systems, geological data, equipment, and other transportation and camp infrastructure.
As consideration for the Assets, EFLO paid Nahanni CAD$400,000 (USD$398,550) in cash, and 1,614,767 shares of one of its subsidiaries, which are exchangeable on a one-for-one basis for shares of EFLO's restricted common stock (valued at CAD$4,100,000; USD$4,190,610). In addition, ELO indemnified Nahanni against its portion of the abandonment, reclamation and environmental liabilities associated with the Assets. EFLO intends to undertake an active development and exploration program, which is expected to defer these potential liabilities into the future.
EFLO continues to pursue the acquisition of additional working interests in the Assets.
Forward Looking Statements
This press release includes forward looking statements as determined by the US Securities and Exchange Commission (the "SEC"). All statements other than statements of historical fact, included in this press release that address activities, events, or developments that EFLO believes or anticipates will or may occur in the future are forward looking statements. Such forward looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of EFLO to be materially different from any future results expressed or implied by such forward-looking statements. Such factors include general economic conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which EFLO has little or no control. EFLO does not intend (and is not obligated) to update publicly any forward looking statements. The contents of the press release should be considered in conjunction with the warnings and cautionary statements contained in the EFLO's recent filings with the SEC. There can be no assurance that EFLO will be successful in completing additional Kotaneelee acquisitions.
ON BEHALF OF THE BOARD OF DIRECTORS
Contact:
Keith Macdonald
EFLO Overseas Inc.
1 (403) 246-8443
Published at Investorideas.com energy newswire
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising . Disclosure: Investorideas.com was compensated by third party IR firm; three thousand five hundred and four thousand shares for one month news publishing and distribution BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Thursday, October 4, 2012

Natural Gas Vehicle Stocks Trading Alert: CLNE, QTWW, WPRT

New York, New York - October 4, 2012 (Investorideas.com newswire, www.naturalgasstocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors issues a sector snapshot for natural gas vehicle stocks for October 4th. Quantum Fuel Systems leads the group following news on a Fisker contract.

Clean Energy Fuels (NASDAQ:CLNE) is trading at $13.74, up 0.58 or 4.41% as of 10:50AM EDT on over 400,000 shares.
Quantum Fuel Systems (NASDAQ:QTWW) is trading 6.12%, at 0.83, gaining 0.0479 as of 10:46AM EDT on over 160,000 shares. The Company reported today that it has been awarded a new development contract from Fisker Automotive for advanced product development on the Fisker Karma. Under the contract, Quantum will continue to develop advanced features for the Fisker Karma vehicle to enable future product upgrades.
Westport Innovations Inc. (NASDAQ: WPRT) (TSX: WPT) is trading at $31.47, up 0.80(2.61%) on over 600,000 shares as of 10:58AM EDT, with a morning high of $31.75.
Investorideas.com Newswire Research more natural gas stocks at the Investorideas stock directory of publicly traded stocks
http://www.investorideas.com/Companies/NaturalGas/Stock_List.asp
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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